Quarterly report pursuant to Section 13 or 15(d)

Subsequent Events (Tables)

v3.23.2
Subsequent Events (Tables)
 6 Months Ended
Jun. 30, 2023
Subsequent Events [Abstract]  
Schedule of Equity Activity
The following table provides information on equity sales that have occurred subsequent to June 30, 2023 (dollars in thousands, except per-share amounts):
Type of Issuance Number of
Shares Sold		 Weighted Average Offering
Price Per Share		 Gross Proceeds
Net Proceeds(1)
Series E Preferred Stock 41,600 $ 25.00  $ 1,040  $ 936 
Common Stock – ATM Program 58,360 17.34  1,012  1,002 
(1)Net of Selling Commissions and Dealer-Manager Fees or underwriting discounts and commissions (in each case, as applicable).
Schedule of Monthly Distributions Declared by Company's Board of Directors On July 11, 2023, our Board of Directors authorized and we declared the following monthly cash distributions to holders of our preferred and common stock:
Issuance Record Date Payment Date Distribution per Share
Series B Preferred Stock: July 21, 2023 July 31, 2023 $ 0.125 
August 23, 2023 August 31, 2023 0.125 
September 21, 2023 September 29, 2023 0.125 
Total Series B Preferred Stock Distributions: $ 0.375 
Series C Preferred Stock: July 21, 2023 July 31, 2023 $ 0.125 
August 23, 2023 August 31, 2023 0.125 
September 21, 2023 September 29, 2023 0.125 
Total Series C Preferred Stock Distributions: $ 0.375 
Series D Term Preferred Stock: July 21, 2023 July 31, 2023 $ 0.104167 
August 23, 2023 August 31, 2023 0.104167 
September 21, 2023 September 29, 2023 0.104167 
Total Series D Term Preferred Stock Distributions: $ 0.312501 
Series E Preferred Stock: July 27, 2023 August 4, 2023 $ 0.104167 
August 28, 2023 September 6, 2023 0.104167 
September 27, 2023 October 5, 2023 0.104167 
Total Series E Preferred Stock Distributions: $ 0.312501 
Common Stock(1):
July 21, 2023 July 31, 2023 $ 0.0462 
August 23, 2023 August 31, 2023 0.0462 
September 21, 2023 September 29, 2023 0.0462 
Total Common Stock Distributions $ 0.1386 
(1)The same amounts paid to common stockholders will be paid as distributions on each OP Unit held by non-controlling OP Unitholders as of the above record dates.